Financial Security Advisor Inc. Takes $210,000 Position in Mastercard Incorporated (NYSE:MA)

Financial Security Advisor Inc. purchased a new position in Mastercard Incorporated (NYSE:MA) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 424 shares of the credit services provider’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Catalina Capital Group LLC boosted its holdings in Mastercard by 6.3% during the third quarter. Catalina Capital Group LLC now owns 3,370 shares of the credit services provider’s stock worth $1,664,000 after buying an additional 199 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of Mastercard by 6.4% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 1,717 shares of the credit services provider’s stock worth $848,000 after acquiring an additional 104 shares in the last quarter. Balentine LLC acquired a new position in shares of Mastercard in the 3rd quarter worth $264,000. Tobias Financial Advisors Inc. acquired a new position in shares of Mastercard in the 3rd quarter worth $200,000. Finally, Falcon Wealth Planning purchased a new stake in shares of Mastercard during the third quarter valued at $224,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MA has been the topic of a number of analyst reports. KeyCorp lifted their price target on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Robert W. Baird upped their price target on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Morgan Stanley boosted their target price on shares of Mastercard from $540.00 to $544.00 and gave the company an “overweight” rating in a research note on Monday. Finally, BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research report on Tuesday, September 3rd. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $540.17.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now owns 92,033,308 shares in the company, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 327,370 shares of company stock valued at $153,495,958 over the last ninety days. Insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of Mastercard stock opened at $505.53 on Wednesday. The firm has a market cap of $467.03 billion, a P/E ratio of 38.24, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10. The firm’s 50-day simple moving average is $497.12 and its 200-day simple moving average is $467.65. Mastercard Incorporated has a twelve month low of $384.20 and a twelve month high of $527.90. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period in the prior year, the company posted $3.39 earnings per share. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, research analysts expect that Mastercard Incorporated will post 14.4 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is 19.97%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.